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Jan 10, 2013
01/13
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>> the leverage they have to debt ceiling that get to spending cuts, debt ceiling will be there you have to adjust it somehow, let's get to spending cuts. gross domestic product is -- >> the president said we don't have a spinnin spending problem. congressional black caucus said leave the entitlements alone. and with show much left off the table and feeling emboldened by polls that say keep sticking it to the rich. when are they going to do anything. >> that is the problem, you have to cut on some indict illment, and you have -- entitlements. neil: i know you are right, but the democrats fils feel the wins thwind isat their back. >> the issue is any spending increase, and any tax cut has to start in the house of representatives. when you give that up. >> game over, joe, now. you talk about the balance of tax hikes. >> in terms of tax hikes? my friends are not going to like this on wall street, if you don't have paid in capital in hedge fund you should not get capital gains treatment. >> you would be -- >> i would be surgical at this point. neil: you would -- >> i would take away certain
>> the leverage they have to debt ceiling that get to spending cuts, debt ceiling will be there you have to adjust it somehow, let's get to spending cuts. gross domestic product is -- >> the president said we don't have a spinnin spending problem. congressional black caucus said leave the entitlements alone. and with show much left off the table and feeling emboldened by polls that say keep sticking it to the rich. when are they going to do anything. >> that is the problem,...
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Sep 18, 2013
09/13
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to raise the debt ceiling without dealing with the real drivers of our debt. we will not raise if the 83rd time without extracting a commitment that this will be the last time or put us on a path toward bending the spending art toward balance. lou: the president makes an interesting point. he said not in the history of the united states the debt ceiling or the threat of not raising the debt ceiling has been used to extort a president or a governing body. how could you have the ability to do so? it seems as if you are questioning the president. >> i am a simpleminded guy as you know, so i take facts simply. not a single republican voted for obamacare. it is wildly unpopular in most of our districts the president himself is determining which portions of that law to turn on and which portions to turn off, and you can argue unions and others are extorting him in what he turns on and turns off to use his words. he may not like the fact we are doing this strategically, but he has done the exact same thing, he just does not like it. lou: it seems he is used to some o
to raise the debt ceiling without dealing with the real drivers of our debt. we will not raise if the 83rd time without extracting a commitment that this will be the last time or put us on a path toward bending the spending art toward balance. lou: the president makes an interesting point. he said not in the history of the united states the debt ceiling or the threat of not raising the debt ceiling has been used to extort a president or a governing body. how could you have the ability to do so?...
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Jan 2, 2013
01/13
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one time and debt ceiling? is there a grand bargain still to be had? >> there needs to be a focus on cutting spending. you're absolutely right when you talk about the secretary of treasury having some ability to move that debt ceiling final deadline debate this way or that way. bottom line, the president talked about the debt ceiling, said he's not going to argue with congress again over bills they've racked up, let me remind the president and viewers, those are bills related to his so-called stimulus package which spent a lot of money and i believe has been a failure and his health care law. i will tell you as a doctor it is unworkable and continues to be very unpopular and unaffordable. these are the president's bills. it's a nancy pelosi congress that forced these things through. >> walk us through the dance that's going to happen here. who's got the leverage and what's going on inside your party. paul ryan and boehner voted yes for this and cantor and others voted no. how will all this come together? >> the
one time and debt ceiling? is there a grand bargain still to be had? >> there needs to be a focus on cutting spending. you're absolutely right when you talk about the secretary of treasury having some ability to move that debt ceiling final deadline debate this way or that way. bottom line, the president talked about the debt ceiling, said he's not going to argue with congress again over bills they've racked up, let me remind the president and viewers, those are bills related to his...
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Jan 16, 2013
01/13
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we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need restraint of a debt ceiling to prevent the spending from even going further? >> no. and it doesn't restrain spending at all. congress makes the decisions as to what to spend, what the level of taxation should be, what the level of spending should be. the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it w
we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need...
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Oct 9, 2013
10/13
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only over the counter treatment for overactive bladder. it's good to know how to put the control back in your go. new oxytrol for women. now over the counter in the feminine care aisle. visit oxytrolforwomen.com to learn more. >>> if congress refuses to raise what's called the death ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. maybe you've noticed. is there a lot of worry building up around a daily problem? well ladies, now there's big news in controlling your overactive bladder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only...
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Sep 20, 2013
09/13
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FOXNEWSW
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Sep 27, 2013
09/13
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Oct 11, 2013
10/13
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of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort of talk or discussion of some way of actually taking away this debt ceiling threat for the longer term? >> i think it's a possibility that could be in the cards in the larger budget discussion that you'd end up having between republicans and democrats trying to craft something after a temporarily debt ceiling increase, a temporary extension of the u.s. government. but krystal, i don't think we know how long the debt ceiling will be increased for. house republicans yesterday were talking about a six-week extension. but it could be longer than that. we just don't know any kind of the details ye
of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort...
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Oct 9, 2013
10/13
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ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our fastest-growing industries. let's invest in our future. join exxonmobil in advancing math and science education. let's solve this. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
ceiling, you think that's adding for debt. the president said that's not what it means. but the republicans everywhere are rejoicing that the debt ceiling is a confusing thing to understand. so we are going to make it u crystal clear coming up. evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our...
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Jan 15, 2013
01/13
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like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ . melissa: so moving onto another budget fight and accusations that republicans will hold the debt ceiling hostage over spending cuts, federal reserve chairman ben bernanke said there is no practical purpose to the debt ceiling and it is a device to prevent the u.s. from paying its bills. why are we wat
like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [...
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Jan 12, 2013
01/13
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that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the republican side that says we're not going to raise the debt ceiling? >> no. nobody thinks that's a good idea to default on the debt. going past the debt ceiling i think that's not a great idea. but theoretically there's enough money coming in to pay the debt. you could pay people getting social security. that's really not the point. the point is whether there is at some point are there -- i think there should be actual spending cuts. listen. cut spending today. cut spending tomorrow. but cut spending sometime somewhere. but we're not doing that.
that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the...
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Oct 1, 2013
10/13
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debt ceiling. this is something that a senate majority leader harry reid already said. it will be rejected :30 tomorrow morning. he said it was some jerry rigged plan and didn't understand exactly what it was. it's not regular order. there was once a conference in 2007 or something on a cr. a cr is just a set bill where he's going to continue to spend the same amount of money you've been spending. . it's not actually new legislation, new policy. so this is a way to buy more time. and at this point, members john boehner admitted he's not just willing to pass a cr and walk away. this is a face-saving measure. >> senator cornish from texas. >> speaker, instead of allowing all 435 members in the house of representatives to vote to keep the government open for business, he's once again pushing for a government shutdown. i think this is what they want. >> this again tells me that the president and harry reid want a government shutdown. they think they come out of this as a winner. >> so charles, you're s
debt ceiling. this is something that a senate majority leader harry reid already said. it will be rejected :30 tomorrow morning. he said it was some jerry rigged plan and didn't understand exactly what it was. it's not regular order. there was once a conference in 2007 or something on a cr. a cr is just a set bill where he's going to continue to spend the same amount of money you've been spending. . it's not actually new legislation, new policy. so this is a way to buy more time. and at this...
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Sep 19, 2013
09/13
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brian kelly, the debt ceiling. you got different ramifications on the debt ceiling. it did affect the stock market in 2011. they have to get through this in the next two weeks. first two weeks the cr and treasury department now saying october. if the debt ceiling doesn't get raised what happens? >> i think if the debt ceiling doesn't get raised, or if we get some sort of grand bargain which it doesn't seem we're close to that but let's say we do, i think that's a negative for the stock market because if you don't have the debt ceiling raised or you get a grand bargain you've put a permanent fiscal ceiling. >> what kind of grand bargain are your thinking about? >> anything that caps fiscal spending. i'm not advocating one way or the other. i'm talking about market perspective. >> that's so bullish for the economy. >> listen -- >> you sound like ben bernanke. he's afraid of spending cuts. >> you have to separate economics from the financial markets. the financial markets have not priced in any type of agreement. the financial markets are betting the fact that there wil
brian kelly, the debt ceiling. you got different ramifications on the debt ceiling. it did affect the stock market in 2011. they have to get through this in the next two weeks. first two weeks the cr and treasury department now saying october. if the debt ceiling doesn't get raised what happens? >> i think if the debt ceiling doesn't get raised, or if we get some sort of grand bargain which it doesn't seem we're close to that but let's say we do, i think that's a negative for the stock...
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Jan 15, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to tax and spend to the congress, and the congress alone. our current deficit is the result of money congress has already borrowed. president obama explained to the american people today how republicans in congress are trying to avoid doing their actual jobs. >> these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> if the american people do not catch on to the severity of all of this, of defaulting on our debts, the cou
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> and of course republicans tried to trick americans into believing the debt ceiling was a blank check or magic credit card for the president to go spend whatever he wanted to spend. of course, the united states constitution gives the power to tax and spend to the congress, and the congress alone. our current deficit is the result of money...
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Oct 3, 2013
10/13
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the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>> joining me, barney frank, senator, am i wrong in that that is absolutely the norm throughout the entire 20th and 21st century that nine years out of ten, probably, that has been the case about the federal government? >> well, a couple of things, first of all i think you make a very good friend. i sympathize with my friend, former senator greg. he is a responsible man, the last time we faced a crisis it was totally bipartisan. when the democrats were in control, it was 2008, george bush came to us, greg and i were two people that came across the divide to g
the debt ceiling falls in that category. but that doesn't mean there is not an opportunity to discuss what is causes the debt ceiling to go up. well, why do you have to increase the debt ceiling? the government is spending more money than it should, like a household that is spending more money than it should, sometime you are going to have to pay the piper for the actions. there is a reason to discuss the debt ceiling. >> thank you so much for joining me. >> thank you. >>>...
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Apr 14, 2013
04/13
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ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- notwithstanding -- >> wait. isn't that what it is? the president's mission statement, right? >> of course it is. no doubt about it. this is the president's statement. i worked for ronald reagan when we put our budgets. it's a statement of principle. the point i'm making is there's not a lot in here republicans are going to go say, oh, wonderful idea. we haven't even trauk talked about $1 trillion new taxes which republicans will reject out of hand. the most interesting thing that happened this week when the president proposed what i think is a fairly modest change to social security, oh, my gosh, these organizations on the left, i mean, we had cardiac arrest. and that makes me somewhat n
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- notwithstanding -- >> wait. isn't that what it is? the president's mission statement, right? >> of course...
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Oct 10, 2013
10/13
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reform and debt ceiling? >> they're willing to do almost anything to privatize social security, to privatize medicare, cut social security, privatize medicare. i just heard about the demand to raise the retirement age. i was in youngstown not long ago, one woman said i'm 63 years old, i work two jobs, i don't have health insurance, my goal is just to stay alive until i'm 65. your goal is just to stay alive until you can get health insurance. for these people, i said to you before, chris, abraham lincoln said i have to go out to get the public opinion polls, listen to people. people like paul ryan, the number of senators that are advocating raising the retirement age, the eligibility age for medicare, they want to cut the living adjustment for social security, these are people that depend on social security to pull them out of poverty that finally will mean they will have health care. that is why they don't like obama care. they have tried to scale back social security and medicare through our entire lives. an
reform and debt ceiling? >> they're willing to do almost anything to privatize social security, to privatize medicare, cut social security, privatize medicare. i just heard about the demand to raise the retirement age. i was in youngstown not long ago, one woman said i'm 63 years old, i work two jobs, i don't have health insurance, my goal is just to stay alive until i'm 65. your goal is just to stay alive until you can get health insurance. for these people, i said to you before, chris,...
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Sep 30, 2013
09/13
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. >> debt ceiling, the ceiling, the ceiling. >> the debt ceiling -- >> during that so-called crisis, and shortly there after, even after the downgrade if i may add to melissa's point. long-term traits on u.s. treasury bonds and notes fell. it was the stock market got clobbered mostly abuse of europe. how important is this, austan. i think it would be very important. city one is the shutdown and if there is a shutdown the one effective thing that could come out of it is that right now both sides think that they have got the american people at their back and that the wind is blowing their own sail, so if this shutdown led voters to stop paying no attention and make up their mind which way they want to do it, i think we wouldn't see a crisis on the debt ceiling or on the shutdown. one or the other side will sort it out. right now they just don't know which side they are on. >> just before austan goolsbee made a shocking statement that i want you to follow up on, he said he believes we should not have any debt ceiling, and if you ask me we should have strict spending limits. is this like
. >> debt ceiling, the ceiling, the ceiling. >> the debt ceiling -- >> during that so-called crisis, and shortly there after, even after the downgrade if i may add to melissa's point. long-term traits on u.s. treasury bonds and notes fell. it was the stock market got clobbered mostly abuse of europe. how important is this, austan. i think it would be very important. city one is the shutdown and if there is a shutdown the one effective thing that could come out of it is that...
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Oct 10, 2013
10/13
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ceiling and defaulting on our debts. while that is sort of germinating throughout those in the white house, we're waiting for their reaction. wouldn't it be really nice to be able to hear someone stand up in congress and speak from the heart, somebody guided by faith and conscience? wow! guided by principle and not the partisan talking points and the line of the day or the hashtag? there is someone exactly like that. you're about to hear from him. but with the caveat he's not a member. have a listen. >> deliver us from the hypocrisy of attempting to sound reasonable while being unreasonable. forgive them for the blunders they have committed, infusing them with the courage to admit and correct mistakes. today, give our lawmakers the vision and the willingness, remove from them that stubborn pride which imagines itself to be above and beyond criticism. lord, deliver us from governmin by crisis. it's time for our lawmakers to say enough is enough. we pray in your merciful name, amen. amen. amen. amen. >> amen. i'm going to
ceiling and defaulting on our debts. while that is sort of germinating throughout those in the white house, we're waiting for their reaction. wouldn't it be really nice to be able to hear someone stand up in congress and speak from the heart, somebody guided by faith and conscience? wow! guided by principle and not the partisan talking points and the line of the day or the hashtag? there is someone exactly like that. you're about to hear from him. but with the caveat he's not a member. have a...
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Oct 7, 2013
10/13
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of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills t
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to...
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Oct 11, 2013
10/13
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carney seemed to say yesterday the president would sign a debt ceiling increase in the debt ceiling, without opening the government first and start budget negotiations after that. so no contingencies. now you're hearing that from carney as he is speaking right now, some perhaps a different position. cheryl: right. >> but, you know, i guess it comes down to what the definition of clean budget resolution or clean debt ceiling will be. and, whether or not they will consider, you know, having talks on the budget and reopening the government as conditions and, so, it is a moving target. cheryl: you know what? i will let you go inside to listen to the briefing. peter barnes, thank you very much. david: it is also raining. good to get him out f the rain. what is extraordinary he despite of all the indesigh sieve elements of the story we still have a market gain of triple digits on the dow. cheryl: right. 11 to the upside. monday morning could be a different story. david: could be a lot of trading action throughout the weekend. cheryl: bond market closed on monday but stocks will be going. a
carney seemed to say yesterday the president would sign a debt ceiling increase in the debt ceiling, without opening the government first and start budget negotiations after that. so no contingencies. now you're hearing that from carney as he is speaking right now, some perhaps a different position. cheryl: right. >> but, you know, i guess it comes down to what the definition of clean budget resolution or clean debt ceiling will be. and, whether or not they will consider, you know, having...
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they don't understand the debt ceiling and they think the debt should stay low. but they do know the consequences of the government shutdown. what the republicans ought to do is say, okay, we're going to reopen the government. we're going to raise the debt level for six weeks. and in that six-week period we're going to try to negotiate to do something that will in the long-term reduce the debt. that would get them back on solid ideological grounds and grounds that a lot of americans agree with. but they've chosen again the wrong avenue. and they're going to pay for it. >> thank you, governor rendell. thank you michael steele. >>> coming up, the man who led the republicans into this abyss, ted cruz. with each day he looks more and more like a roman candle. all noise and bright lights but burning out. >>> and they funded the republican redistrict and gerrymandering and now they find they may not be able to slay the monster they created. >>> isn't it interesting how much of government republicans want to fund now that they've shut it down? head start, fund it. veter
they don't understand the debt ceiling and they think the debt should stay low. but they do know the consequences of the government shutdown. what the republicans ought to do is say, okay, we're going to reopen the government. we're going to raise the debt level for six weeks. and in that six-week period we're going to try to negotiate to do something that will in the long-term reduce the debt. that would get them back on solid ideological grounds and grounds that a lot of americans agree with....
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Jan 4, 2013
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debt ceiling. >> what they also couldn't say is once we get to a bad june and the risk that washington, d.c. will destroy the economy drop, maybe we don't have to be so aggressive. but they can't admit that the roept they buy it this way is because they have -- but these minutes were before the fiscal cliff. >> i think the fed was so easy in part because -- >> oh, we should feel so good about what they came up with. no spending cuts and a just a big tax increase. gosh, they did such a great job. can you imagine the guy that will take a victory lap for not addressing our spending problems one iota? obama, how can you say you won and, gosh, be smiling and patting yourself on the back. >> because he defined the problem as not having enough tax revenue. but now we can see right after they do the cliff, we have s&p, moody's, the imf coming out and saying, this doesn't come close. the problem all along has been spending. t the republicans got the right issue and the wrong chart. >> the chart yesterday sh
debt ceiling. >> what they also couldn't say is once we get to a bad june and the risk that washington, d.c. will destroy the economy drop, maybe we don't have to be so aggressive. but they can't admit that the roept they buy it this way is because they have -- but these minutes were before the fiscal cliff. >> i think the fed was so easy in part because -- >> oh, we should feel so good about what they came up with. no spending cuts and a just a big tax increase. gosh, they...
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Jan 13, 2013
01/13
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that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cnn says that has no relation to spending. >> that's right, rush, the debt ceiling was create sod the congress wouldn't constantly need to authorize congress to borrow to raise more money. it doesn't au
that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan...
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Jan 11, 2013
01/13
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the debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say, i'm not playing. we're going off that cliff. liz: what is the trade if that is, indeed, the scenario? >> sell long term treasuries. they are a bad deal. i don't know if you saw these reports on the coin? have you seen that? think about it. imagine if the government printed a trillion dollars and stuck it in the treasury and said, oh, there's a trillion less. that's so irrational, or a country like ours crossing arms saying we are not going to pay. that's so irrational. that means one thing, long term interest rates up; right? bond prices down. you will see the ten year note go down and done, and interest rates in the u.s. in the long term continue to jump up. liz: in november, when you were here, the best thing going was re
the debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say, i'm not playing. we're going off that cliff. liz: what is the trade if that is, indeed, the scenario? >> sell long term treasuries....
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Sep 18, 2013
09/13
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. >> and then the debt ceiling comes almost right away. i guess mid-october. >> that's right. >> what i gathered today is that eric cantor, majority leader cantor said they're going to tie in the debt ceiling. what, the keystone pipeline, a one-year obama care delay, and some tax reform. that's a lot for a debt ceiling. can you get that done? >> sure we can. there is different elements. the debt ceiling debate somewhere, we think we're going to reach that target date somewhere around the 18th of october to about the 5th of november, somewhere through there. so we have a little time to work this out still. but the focus on the debt court of appealing is what we typically do. how do we get to a point that we don't have to keep doing debt ceilings. we've reduced it the last three years. we want to continue to make the same forward progress. you do that by economic activity out there. if row can reform the tax code, you're going to get more economic activity happening. this is not the tax plan coming to it. it would be a proposal for how do we
. >> and then the debt ceiling comes almost right away. i guess mid-october. >> that's right. >> what i gathered today is that eric cantor, majority leader cantor said they're going to tie in the debt ceiling. what, the keystone pipeline, a one-year obama care delay, and some tax reform. that's a lot for a debt ceiling. can you get that done? >> sure we can. there is different elements. the debt ceiling debate somewhere, we think we're going to reach that target date...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Oct 21, 2013
10/13
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ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn't cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. consider an aarp medicare supplement insurance plan. when you do what io, iyou think about risk.. i don't like the ups and downs of the market, but i can't just
ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare...
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Oct 13, 2013
10/13
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in addition to that and perhaps more pressing, is the debt ceiling is increasing the debt ceiling. we're told by the u.s. debt treasury, that united states would have a default. this is what harry reid had to say about his conversation with mitch mcconnell. >> i add productive conversation with republican leader t
in addition to that and perhaps more pressing, is the debt ceiling is increasing the debt ceiling. we're told by the u.s. debt treasury, that united states would have a default. this is what harry reid had to say about his conversation with mitch mcconnell. >> i add productive conversation with republican leader t
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Sep 18, 2013
09/13
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but he said raising the debt ceiling doesn't mean that you're raising debt. you say? >> raising the debt ceiling is kind of like lowering the blood alcohol from .1 to .08. it doesn't change anything. the public doesn't want to raise the debt ceiling because they don't want the government spending more money. that's what it is. >> i wonder what the consumer protection agency would think about sending a student with a credit card with $50,000 car with a $50 though limit. would they like it? >> no, they wouldn't. >> all right. thank you very much. >>> we have two hours to go before we get the decision. >>> also, coming up, apple will release the latest version of the operating system. and coming to the "squawk on the street," the new iphones. [ mal] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with tracking up to eleven scans, specified delivery dates, and free insurance up to $50 all for the same low rate. [ w
but he said raising the debt ceiling doesn't mean that you're raising debt. you say? >> raising the debt ceiling is kind of like lowering the blood alcohol from .1 to .08. it doesn't change anything. the public doesn't want to raise the debt ceiling because they don't want the government spending more money. that's what it is. >> i wonder what the consumer protection agency would think about sending a student with a credit card with $50,000 car with a $50 though limit. would they...
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Oct 7, 2013
10/13
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you don't think he was talking about the debt ceiling? >> no, what i said was when everyone jumped all over it and he said, oh, we're not going to let the nation go into default. that didn't mean he was just going to say, okay, well, i'm going to pass a clean debt ceiling hike. that's a standard talking point. we don't want the country to go into default. you can't say, okay, i'll give you that and move on. it was always going to be a negotiation around both issues. >> the problem, of course is that boehner's original position was he wasn't going to shut the government down. they can get themselves to a point where they actually threaten default or put the country in default and that'll have global implications and, you know, it will, i think, really depress growth, not just in the united states but across the globe for a fairly long time. i think we really need to move forward with some ability to move past that october 17th deadline. and then try to negotiate the budget. >> assuming that everybody's playing chicken and assuming that the
you don't think he was talking about the debt ceiling? >> no, what i said was when everyone jumped all over it and he said, oh, we're not going to let the nation go into default. that didn't mean he was just going to say, okay, well, i'm going to pass a clean debt ceiling hike. that's a standard talking point. we don't want the country to go into default. you can't say, okay, i'll give you that and move on. it was always going to be a negotiation around both issues. >> the problem,...
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Jan 2, 2013
01/13
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and also at the debt ceiling. because even though the united states government was on track to hit its debt ceiling, as the secretary geithner said, at the end of 2012, he's got a couple of months of wiggle room. but only a couple of months. so all of these fights are still ahead of us. and as the president said, when he was doing a pep rally for this deal the other day, he's coming back for more taxes as well. >> i guess the question is, how urgent do you think congress is looking at the next set of problems? are they ready to roll up their sleeves and get back to work, or push it to the very end like we saw them do with the fiscal cliff? >> i think the smart bet is they may be rolling up their sleeves, but they're not going to get it done until just before the deadline. >> a huge relief, the dow is up 261 for the moment. thank you very much. >> let's get more insight on the economic data out a few moments ago, and maybe a little bit more on the cliff. senior economic reporter steve liesman joins us now. >> very
and also at the debt ceiling. because even though the united states government was on track to hit its debt ceiling, as the secretary geithner said, at the end of 2012, he's got a couple of months of wiggle room. but only a couple of months. so all of these fights are still ahead of us. and as the president said, when he was doing a pep rally for this deal the other day, he's coming back for more taxes as well. >> i guess the question is, how urgent do you think congress is looking at the...
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when we are looking at the debt ceiling. you know, we have the ability to raise revenue through taxation. people are not willing to be paying more in taxes. what they are wanting to see is less spending and more prioritization on the items of importance for the federal government. they are so tired of waste, fraud and abuse in the system of spending. they're tired of stimulus and bailouts that don't work. and they continue to say to us, please, address the fiscal responsibility issues of this nation. now, whether it's a budget, a cr, a debt ceiling, it is incumbent upon us as being stewards of the people's money to address these issues. and as all of these issues are converging and coming in front of us, we are continuing to say, this is the list our constituents when i'm home in tennessee, when i'm meeting with my small business owners, when i'm meeting with large employers, they continually talk about the importance of fiscal responsibility for this nation. >> i just want to be precise. if the legislation that boehner migh
when we are looking at the debt ceiling. you know, we have the ability to raise revenue through taxation. people are not willing to be paying more in taxes. what they are wanting to see is less spending and more prioritization on the items of importance for the federal government. they are so tired of waste, fraud and abuse in the system of spending. they're tired of stimulus and bailouts that don't work. and they continue to say to us, please, address the fiscal responsibility issues of this...
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Oct 10, 2013
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the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who they are -- up named republican senators who say, let's re-open the government, too, or put that on the table. do you know who those senators are? >> i've spoken to multiple senators who are apprehensive. six weeks is not terribly long in washington, dc so by saying you're going to extend the debt ceiling six weeks, it's going to come up right before thanksgiving again and does not allow a whole lot of time for negotiation. >> shepard: they want to have a fight over turkey? seriously? they don't want to do that. why woul
the debt ceiling. jay carnie finally said, yes, the president would approve just extending the debt ceiling while they talk about things. that's a retreat for the president and boehner. the president said he is not going gunshot with a gun to his head. if he said, just deal will default but not re-opening the government, he is talking to republicans and negotiating something he said he wasn't going to do. >> shepard: mike now we're hearing from a couple of republicans -- i don't no who...
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Feb 10, 2013
02/13
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this is not like the debt ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for everybody to just kick this can down the road. we shouldn't be doing anything right now. >> [ inaudible ]. >> we could have some vague spending cuts promised in the future, some real revenue sources. >> all in the future. because you don't want any austerity now. >> this is a terrible time to do it now. >> i think his reaction depends on whether or not the republicans can hold their coalition together. and if they can create a coalition that holds together, which might even include some democrats, i think they can prevail on this issue and get a small amount of cost redu
this is not like the debt ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for...
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Jan 3, 2013
01/13
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. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congress. >> congress. >> the laughing stock of the country. >> 66 days and counting, shame on you, shame on congress. >> all right, let's get a couple of things straight here, okay? first of all, there is nothing wrong with legislating at the last minute. in fact, on the big stuff, the politically difficult bills it is usually impossible to legislate before the last minute. now if you never found yourself going to the post office at the last minute with your tax return in hand, you may not
. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the...
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Sep 18, 2013
09/13
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. >> debt ceiling. >> the debt ceiling. nobody is forecasting this, thinking about it. i don't think we should be assuming washington will finally get it. i am very worried about how binary both positions are, republicans and democrats. >> they already said it, no movement. obama will not negotiate. republicans say, really? you can say the sun isn't going to come out tomorrow, but it will. >> it will create a lot of drama, uncertainty. more importantly, if there's that type of drama, consumers will pull back and it will cause weakening to the economy. with the federal reserve knowing how pivotal the events in washington are going to be in october, it may force them to delay any decision of tapering until late october or november. so, we'll see how this all plays out. i thought the fed had the option of doing a small amount of tapering and giving guidance that would be very good. i think if they did a small amount of tapering with guidance, i think the market would have rallied anyway today. i'm not surprised at the rally. i'm surprised at their action and their action c
. >> debt ceiling. >> the debt ceiling. nobody is forecasting this, thinking about it. i don't think we should be assuming washington will finally get it. i am very worried about how binary both positions are, republicans and democrats. >> they already said it, no movement. obama will not negotiate. republicans say, really? you can say the sun isn't going to come out tomorrow, but it will. >> it will create a lot of drama, uncertainty. more importantly, if there's that...
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ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage will have been done even if that were constitutional. >> 14th amendment says the validity of the public debt, shall not be questioned. so does that give the president potentially, worst case, nightmare scenario, the u.s. about to default, an opening? >> no one know, wolf. no one knows whether the president has this power. and it's a measure of the desperation of the system that people are reading into the 14th amendment this power as somehow the president says a rabbit out of the hat to allow him to bypass congress. but i think there
ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage...